A Message: The Liberian People Need Relief Mr. President! Th

A Message: The Liberian People Need Relief Mr. President! They Will Not Wait Forever!


Former Information Minister, Eugene Nagbe, responding some time ago to questions from journalists about reports indicating that this government had dipped into donor money from their accounts at the Central Bank of Liberia (CBL), said it is “dig hole, cover hole” operations.
What the Minister actually meant was that you borrow money to settle a debt leaving you still in debt and to settle that debt you have to again borrow money to settle it. It is a vicious cycle of debt.
But donors, apparently upset by such unauthorized use of their funds, demanded that GoL or the CBL restitute the funds. It is not clear at this time whether restitution has been made.

Related Keywords

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